xAI raises $10B in debt and equity | TechCrunch
Briefly

xAI has successfully secured $10 billion in funding through a combination of $5 billion in debt and an additional $5 billion in strategic equity, as confirmed by Morgan Stanley. This financial strategy is aimed at reducing overall capital costs and increasing available capital for the company. The funding will help advance xAI's AI solutions, notably its Grok platform and the development of one of the largest data centers globally. This funding comes after a $6 billion round raised in December, increasing total capital to around $17 billion.
Morgan Stanley confirmed xAI has raised $10 billion in debt and equity, consisting of $5 billion in debt and $5 billion in a separate strategic equity transaction.
The combination of debt and equity reduces the overall cost of capital and substantially expands pools of capital available to xAI.
The proceeds from the funding will support xAI's continued development of cutting-edge AI solutions, including one of the world's largest data centers and its flagship Grok platform.
This new equity round brings xAI's total capital raised to approximately $17 billion after a prior $6 billion round in December.
Read at TechCrunch
[
|
]